Municipal Services Committee Agenda September 22, 2025
Default Declared on Markel Insurance Maintenance Bond
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Description
The agenda calls for declaring a default under Markel Insurance’s One-Year Public Improvement Maintenance Bond for the Jade Residence at 2305 Sokol Court and demanding $97,499.20 in bond proceeds due to unfinished landscape restoration work. This action enforces the bond to fund required improvements.
Contract Details
Contract Amount
$97,499.20
Vendor
MARKEL INSURANCE
Agency
City of Darien, IL
Contract Type
INSURANCE
Document Date
September 22, 2025
Contract Term
One-Year Public Improvement Maintenance Bond No. 4478108
Renewal Date
2026-09-22
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